سياسي خارجي ٣٣/٤٦٦٨ "امتيازات النفط التركية" [و‎‎٦‎٩] (١٠/٧)

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With by the Turkish Petroleum Company.
The woricing capital required bv
1 ^Ci oUu,h working cooiDanv
or companies shall be raised k P 7
.... , . by means of Preference shares
'° r daDentUreS Wnl ° h Sha11 b9 offered to the public
to such extent as the members of tne T urkl sh Petroleum
company or any one of them shall elect not to ■
“ ct not to subscribe for
themselves.
o. The alterations in the memorandum and (or) articles
of association of the Turkish Petroleum Company necessary
C8rry ° Ut the ab0V9 ^iMons shall be made forthwith.
9 ‘ r- S * Gulbenkian shall be entitled to a
beneficiary 5 per cent, interest without voting rights in
tne Turkish Petroleum Company, this 5 per cent, being
con err bused squally by the h’Arcy group and the Anglo-Saxon
Company out of their respective holdings. The shares
representing to-. Gulbenkian's interest shall be registered
111 t,ns 1131:163 of nominees of the D'Arcy group and of the
Anglc-oaxon Company, and shall be hell by them, but
undertakings shall be exchanged between these parties
whereby -
(1) Mr. Gulbenkian undertakes to pay the calls or the
shares, and
/ \ , r. _ t-o f .
shares, and
(2) The D'Arcy group and the Anglo-Saxon Company under
take that Mr. Gulbenkian shall be entitled to all
financial benefits of the shares.
If Mr. Gulbenkian snail desire to dispose of his
interest, and also in the event of his death, the D'Arcy
and the Anglo-Saxon Company shall have tne option of
purchasing the interests standing in their names on the
terms defined in article 66 (b) of the articles of
association of trie Turkish Petroleum! Company.